Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners)

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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I work at the direction of my sellers with regards to pricing. I would never refuse to reduce the price but, I would advise them accordingly.

I can't say that I've ever had to advise NOT to reduce the price though!

Jun 14, 2018 09:03 PM
Rainmaker
4,379,779
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

If a house isn't selling and there are no issues with condition, location, marketing... then it must be price. You need to know when to drop the price and hopefully not wait for your client to come to that conclusion. As seller agents, it's our job to be on top of the situation and to drive these kinds of decisions. And it's worth keeping in mind that we cannot refuse to follow any lawful instructions given us by our clients.

Jun 15, 2018 03:34 AM
Rainmaker
631,812
Vern Eaton
Askov, MN
Realtor 651-674-7449

I can think of one time.  Seeler wanted to loweer the price because zillow said his value was lower.

I refused and it sold in a ffew more days for my ful list price

Jun 15, 2018 01:41 AM
Rainmaker
1,332,342
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I don't refuse to lower my prices, I evaluate the market response and act accordingly. The market speaks loud and clear with no showings, no offers, low offers etc. It's up to the seller ultimately, not me.

Jun 15, 2018 05:36 AM
Rainmaker
912,278
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

How often have I REFUSED (and in insubordination)?

Never. 

I advise, educate, comfort, encourage, but never defy, those who hire me.

Jun 15, 2018 05:05 AM
Rainmaker
1,546,366
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Why would a listing agent refuse to reduce the price ever? 

Jun 14, 2018 11:56 PM
Rainmaker
1,239,434
Joyce Marsh
Joyce Marsh Real Estate LLC - Daytona Beach, FL
Joyce Marsh Real Estate LLC - Coast & Luxury

Usually it’s the other way around. 

Jun 14, 2018 11:19 PM
Rainmaker
4,228,029
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I can't say this discussion has ever occurred.

Jun 14, 2018 08:56 PM
Rainmaker
1,419,064
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

It's hard enough to get most sellers to accept a price reduction, if one offers it up JUMP at it!

Jun 14, 2018 09:01 PM
Rainer
349,689
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I can't say it is a problem I have run into often. I do not attempt to appear to overzealous to jump on their suggestion to lower the price. I do want to stand behind getting them the most money for my sellers.

Jun 15, 2018 04:51 AM
Rainmaker
3,621,926
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Never has happened.  If they want to reduce the price, its their call

Jun 15, 2018 03:32 AM
Rainmaker
987,590
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Never had that problem. It is my request to reduce the price that meets resistance with sellers who still think the NEED a certain price to fund their retirement.

Jun 15, 2018 01:29 AM
Ambassador
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hasn't happened. But how can I refuse? They are the client! I would advise them if I felt it was the wrong decision and let them know why, but respect their wishes.

Jun 14, 2018 09:39 PM
Rainmaker
1,754,243
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

I have said many times no to a price reduction but I go the way the client wants. It's their call. I've also had the seller say they let me down when they take a lower offer than what we talked about.

Jun 15, 2018 06:44 AM
Rainmaker
3,372,981
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Never, if the seller wants to reduce the price, i will reduce the price. When i list, i tell them what it is worth, what we should ask and what it may sell for. Some sellers choose to list higher. Sometimes i will try the higher price with an agreement in 2 weeks it lowers if no offers. 

Jun 15, 2018 05:59 AM
Rainmaker
4,459,748
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

The seller owns the property and may have personal reasons, unknown to me, for wanting a quicker sale! 

Jun 15, 2018 05:45 AM
Rainmaker
3,070,784
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Debe Maxwell, CRS nailed this one!

Jun 15, 2018 05:31 AM
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  I cannot recall that happening.

Jun 15, 2018 04:51 AM
Rainmaker
896,266
Ritu Desai 703-625-4949
Samson Properties - Chantilly, VA
Northern Virginia,Washington DC & Maryland Realtor

Had one seller who practically wanted to list way under the market price. He agreed to my market price but called within 24 hours to drop so he can unload the home. We got above list price offer I am glad I did not listen to his suggested price.

Jun 15, 2018 03:52 AM
Rainmaker
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Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Yeah, never

Jun 15, 2018 03:20 AM
Rainmaker
2,071,560
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not often.

Jun 14, 2018 09:10 PM
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

never.  

Jun 14, 2018 09:00 PM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

What the seller wants, we must listen to.

Jun 15, 2018 09:54 AM
Rainmaker
508,849
Susie Kay
Ultra Real Estate Dallas Fort Worth - Plano, TX
North Dallas Specialist

Seller makes his own decision whether to accept an offer or not.  We can give him our thoughts so he knows his options. 

Jun 15, 2018 08:39 AM
Rainmaker
2,048,310
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

It has happened

Jun 14, 2018 09:20 PM
Ambassador
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I usually do with my client wants...

Jun 15, 2018 02:36 PM
Rainmaker
592,144
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We advise our sellers, but ultimately it is their decision on how they want to price their property.

Jun 15, 2018 11:26 AM
Rainmaker
1,131,551
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Price reductions are agreed to at the time of the listing being signed. I can't remember a time when I've had to approach a Seller because of an improper valuation. Learning to refuse a listing takes practice.

Jun 15, 2018 10:03 AM
Rainmaker
682,189
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Somewhere between never and never.

Jun 15, 2018 09:01 AM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

I do not recall a situation like this.

Jun 15, 2018 08:52 AM
Rainmaker
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Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Rarely, and on at least one occasion I regretted it.  In my area a low price will induce more interest and multiple offers.  The market has been more likely to correct the price up than down, unless you significantly over price. 

Jun 15, 2018 08:49 AM
Rainmaker
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

probably never.

Jun 15, 2018 08:48 AM
Rainmaker
397,256
Jill Murty, Realtor - Orange County, CA
Movoto - Laguna Niguel, CA

There have been a few times where I've suggested to clients that we hold off on reducing the price.  I tell them if it becomes necessary, we'll use that tool....but not yet.

Jun 15, 2018 08:19 AM
Rainmaker
5,573,263
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

in this market, if your listing lingers more than a few weeks, it's overpriced.... drop the price....don't continue to beat a dead horse....

Jun 15, 2018 07:18 AM
Rainmaker
2,677,064
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Reducing the price is is similar to the kiss of death. Instead, come-out true to the market or a tad below and you will "make-out

Jun 15, 2018 06:34 AM
Rainmaker
711,184
Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

Well, lets just say that you can't "refuse" as you have to follow your client's instructions. But you can advise and counsel, as appropriate.

But in the end, if the client wants a price reduction, aka motivated to sell faster, then by all means lets reduce the price, I'm all for it.

Jun 15, 2018 06:02 AM
Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Rarely.

Jun 15, 2018 05:22 AM
Ambassador
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I can't say it any better than Debe Maxwell, CRS - I cannot imagine refusing to do anything a seller wants unless it is unlawful/illegal.  I would advise accordingly and make recommendations for or against ... and support that with data.

Jun 15, 2018 08:20 AM
Rainmaker
1,708,235
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

When we listed we built in autmoatic porice reductions either at every two weeks or once a month.

Jun 15, 2018 05:56 AM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Not often.

Jun 15, 2018 02:57 AM
Rainmaker
5,211,194
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

If the Sellers want it, do it, it is their home.

Jun 20, 2018 07:29 AM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Very seldom

Jun 15, 2018 07:43 PM